JAGUAR LAND ROVER OPENS THE DOOR FOR EASIER ACCESS WITH AUTOMATIC TECHNOLOGY

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Press Releases – Auto industry reacts to deal on CO2 targets for cars and vans

Brussels, 17 December 2018 – The European Automobile Manufacturers’ Association (ACEA) takes note of the final deal on the CO2 regulation for cars and vans, setting targets for the years 2025 and 2030, which was struck by the EU member states and the European Parliament today. ACEA expresses serious concerns about the highly challenging CO2… Continue reading Press Releases – Auto industry reacts to deal on CO2 targets for cars and vans

What’s behind the austerity drive: Will Jaguar Land Rover first victim of the car revolution?

Wolfgang Reitzle (69) and Ralf Speth (63) have liked each other for many years. Where the elder worked, the younger wanted to be. So it happened at BMW, later at the gas manufacturer Linde, in the meantime at Ford’s Premier Automotive Group (PAG), which collected brands such as Jaguar and later Land Rover. Never was… Continue reading What’s behind the austerity drive: Will Jaguar Land Rover first victim of the car revolution?

Battery Maker CATL Opens First North American Center In Detroit

New EVs with CATL batteries coming to U.S. “very soon” Contemporary Amperex Technology Co. Ltd (CATL) is opening its first North American sales and service facility in Detroit. The Chinese lithium-ion battery manufacturer says that wants to strengthen its presence in the U.S. and the new subsidiary will serve local automotive industry. According to CATL, several… Continue reading Battery Maker CATL Opens First North American Center In Detroit

Jaguar Land Rover to ‘axe up to 5,000 jobs’

Automotive industry Analysts say carmaker will outline job cuts in new year as part of drive to combat Brexit and falling sales Up to 5,000 roles at JLS could go in 2019, say analysts. Photograph: Bloomberg/Bloomberg via Getty Images Jaguar Land Rover is planning to announce thousands of job cuts in the new year as… Continue reading Jaguar Land Rover to ‘axe up to 5,000 jobs’

Interview: delivering on Aston Martin’s bold vision for the future – The Engineer

Aston Martin’s ambitious expansion plans have grabbed the headlines in recent months. Chris Pickering talks to two members of the team charged with turning the company’s dreams into reality New milestones have come thick and fast in the last 12 months or so of Aston Martin’s 105-year history. The British brand has returned to profit,… Continue reading Interview: delivering on Aston Martin’s bold vision for the future – The Engineer

ZF Electric driveline to premiere in Formula E

The world’s first racing series for all-electric Formula vehicles is growing steadily in popularity. Following in the footsteps of manufacturers like Audi, Jaguar and Mahindra, the fifth season will see BMW and Nissan joining the series with factory teams. Mercedes and Porsche are planning a factory-backed entry in season six. New rules this year will… Continue reading ZF Electric driveline to premiere in Formula E

INMOTION VENTURES INVESTS IN ARC VECTOR – THE WORLD’S MOST ADVANCED ELECTRIC MOTORCYCLE

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Jaguar Land Rover’s venture capital fund made seed investment in WeTrip

Jaguar Land Rover’s venture capital fund made seed investment in WeTrip

InMotion Ventures, Jaguar Land Rover’s venture capital fund, today announces seed investment in WeTrip, the digital platform making group holiday planning and booking simpler.
Jaguar Land Rover’s venture capital fund invests in group travel experience platform WeTrip
InMotion Ventures backs WeTrip to accelerate product development and support ambitious global growth plans

COVENTRY, 29-Nov-2018 — /EuropaWire/ — InMotion Ventures, Jaguar Land Rover’s venture capital fund, today announces seed investment in WeTrip, the digital platform making group holiday planning and booking simpler.

InMotion’s seed stage funding will support WeTrip in its global ambition to become the go-to digital platform for booking personalised group experience holidays. In August 2017, the company raised $1m funding to launch WeSki, a platform that allows groups to share responsibility for booking complete, tailor-made ski holidays.

As well as investing in the future of mobility, our fund seeks to back companies that are enabling adventure through powerful digital lifestyle brands. WeTrip is rapidly building a community of adventurous travellers, using their powerful tool for group bookings, and we believe there is a genuine unmet need for a product of this kind. SEBASTIAN PECK, MANAGING DIRECTOR

Our unique platform offers travellers greater flexibility, better value and a simpler way to book group holidays, centred around a shared adventure, to bring the fun back to the booking experience. We are thrilled to have the backing of InMotion to accelerate our product development and support our ambitious global growth plans. YOTAM IDAN, CHIEF EXECUTIVE

FURTHER INFORMATION

About InMotion

At InMotion, we are investing in the future of transport, mobility and travel. Powered by Jaguar Land Rover, we are supporting entrepreneurs and innovators who change the way we move.

InMotion Ventures is Jaguar Land Rover’s venture capital fund. We invest in early-stage technology companies that change the face of urban mobility, support an active outdoor lifestyle and deliver unique travel experiences. We are based in London and invest globally.

InMotion’s mobility services arm Studio 107 works closely with our parent company Jaguar Land Rover to build new services in the urban mobility sector. The name Studio 107 is a nod to the 107% rule in motorsport. In qualifying, drivers who fail to set a lap within 107% of the fastest qualifying time are not allowed to start. Our goal is to select the ideas that play to our strengths and develop them into winning businesses.

To find out more about InMotion, please see: https://www.inmotionventures.com

NOTES TO EDITORS

About WeTrip

WeTrip is a fully dynamic booking website designed specifically for millennial group travelers who seek unforgettable, great value experiences. WeTrip partners with multiple travel operators to offer greater choice, more flexibility and a simpler booking experience.

The ability of the organiser to share the group package with friends – who can then tweak and pay independently for their own requirements online – is one of the key features that makes this company unique.

WeSki, the 1st product, is a trailblazer in the category that is putting the fun back into booking ski holidays.

For further information, contact:

Sally Clift
Corporate Communications
Mobile: +44 (0)7384 430009
Email: sclift2@jaguarlandrover.com

SOURCE: InMotion Ventures

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